Germany introduces gas levy amid energy price crisis
Energy bills in Germany are set to rise higher later this year after the announcement of a state levy on gas for consumers of 2.4 cents (2.45 U.S. cents) per kilowatt hour.
High energy prices have become a dominant political topic in Europe’s largest economy as the cost of living skyrockets due partly to the war in Ukraine and dwindling gas supplies from Russia as the weather turns cooler.
The size of the levy was revealed on Monday by the so-called market area manager for Germany Trading Hub Europe, a body set up by the various gas distributors in the country.
The charge was intended to help German gas importers who were having to buy more expensive gas from suppliers outside Russia and suffering huge losses.
The levy would formally come into effect from October 1 but was not expected to affect gas bills until November or December due to regulations protecting consumers from price changes.
The higher levy on energy which would come to about €484 for the average household, is set to push inflation higher still.
Although the German government is planning to forego sales tax on the gas levy to cushion the effect on consumers.
Economy Minister Robert Habeck had told consumers before Monday’s announcement that they should expect energy bills raised in the region of “several hundred euros per household’’.
(dpa/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
Reps to halt planned NASU strike, summon minister
Mr Fulata begged the unions to give the committee time to meet with the relevant authorities on the issue.
World
Forest fires gut 19 states in Mexico
42 fires have been extinguished, preliminarily affecting 2,608 hectares.
Politics
BoT plans fresh national convention, nullifies Anambra exercise re-electing Abure as LP chairman
Mr Ejiofor stated that the BoT does not recognise the party’s controversial national convention.
Lagos
13 arrested in Oshodi for refusing to use pedestrian bridge
The arrested pedestrians did not use the pedestrian bridge at Oshodi Oke
NationWide
Over 100 inmates apply for pardon in Kano
Among those seeking clemency were those serving life imprisonment, those nursing medical challenges and the elderly, among others.
States
50-year-old man arraigned over failure to produce son in court
The defendant pleaded not guilty to the charge.